Latest Labour Hire News

Ashley Services Group is set to acquire major logistics labour hire contracts generating $162 million in annual revenue, with the deal expected to enhance earnings per share in FY27.

Lycopodium Limited has landed a major A$118 million contract to engineer and supply the Tulu Kapi Gold Project in Ethiopia, marking a significant step toward full gold production by mid-2028.

RBR Group Limited narrowed its half-year loss to $588,746 as Mozambique LNG project activities resumed, underpinning cautious optimism amid ongoing funding challenges.

Ashley Services Group has reported a robust first half for 2026, with significant growth in earnings and dividends, underpinned by strong labour hire and training divisions.

Ashley Services reported a challenging FY25 with a 7.3% revenue decline but kicked off FY26 with record quarterly revenues and improved profitability, signaling a strategic turnaround.

TotalEnergies has lifted the force majeure on the $20 billion Mozambique LNG project, signaling a full restart after 4.5 years. RBR Group, uniquely positioned as the only ASX-listed company with direct exposure, stands to benefit from the surge in workforce and infrastructure demand.

RBR Group is seeking shareholder approval for a 30-for-1 share consolidation aimed at simplifying its capital structure and attracting institutional investors.

Ashley Services Group reported a 60% jump in net profit for FY25 despite a 7.3% revenue decline, focusing on debt reduction and operational efficiency to fuel future growth.

Ashley Services Group reported a 7.3% revenue decline to $515.9 million in FY25 but achieved a 60.9% rise in net profit after tax to $2.17 million, driven by operational stabilisation and strategic contract wins.

Acrow Limited reported a 23% revenue increase to $265.1 million for FY25, driven by strong growth in its Industrial Access division and key acquisitions. Despite a slight dip in earnings per share, the company declared a fully franked final dividend of 2.95 cents per share.

PeopleIN Limited posted a statutory net loss of $11.862 million for FY25, impacted by tough economic conditions and weather disruptions, while achieving significant cost savings and announcing a $6 million share buy-back.

RBR Group has successfully closed its Share Purchase Plan, raising $261,000 from shareholders, while initiating efforts to place a $329,000 shortfall over the coming months.